What the latest ruling means for sales tax for your small business

You may have read or heard about the latest sales tax ruling which allows states to change laws forcing online businesses to collect and remit sales tax. Now you’re wondering how this will affect you. Let’s take a look at how … Read More

Tax Reform Benefit for Small Business Owners

First things first, this new provision, Section 199A, as part of the Tax Cuts and Jobs Act allows for a 20% deduction for qualified business income deduction. There are exceptions and it can get complicated, but, to keep it simple, … Read More

What’s the best state in which to form a LLC?

What’s the best state to form a LLC? I get this question all the time. No. The answer is not Wyoming, Nevada or Delaware! Simply put, your domicile or home state is the best option. Don’t fall prey to the … Read More

How to hire a financial partner not a simple bookkeeper

posted in: Bookkeeping | 0

Think back to when you started your business.  Did someone tell you the first person you should hire is a bookkeeper?  You should do this before you do anything else because finances are scary. Maybe they said bookkeeping is hard … Read More

Which software should I use for my bookkeeping?

posted in: Bookkeeping | 0

I get asked often by small business owners which software I recommend for bookkeeping. My go to answer is QuickBooks. Most of the time I find it to be the best solution for small businesses. However, I also understand there … Read More

Prepare to File Your Taxes Checklist

Tax season is in full swing and that means it’s more important than ever to gather all your paperwork. To help you get started, here’s a prepare to file your taxes checklist. Prepare to file your taxes Whether you’re planning … Read More

Do I need to file a tax return for my LLC with no activity?

Sometimes a limited liability company or LLC has a year with no business income or activity. Maybe it’s a newly formed LLC, which hasn’t started doing business yet. Is it an older LLC that hasn’t been formally dissolved? Whatever the … Read More

3 Steps to take if you’re missing a W2 and you want to file taxes

The IRS requires employers to mail employee earnings information, commonly known as a W2, by the end of January. However, there can be delays due to mailing, etc., so it’s best to give your employer an extra week or two. … Read More

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